Kotak Mahindra Bank, with its headquarters in Mumbai endeavors to understand the needs of its customers and deliver customized pragmatic solutions across multiple platforms. In a short span of time, Kotak Mahindra Bank has set up641 offices and thousands of ATMs countrywide to offer various financial services. Their comprehensive loan portfolio includes loan on credit card.

It allows you to convert your purchase of Rs 3000 and within 75% of the credit limit or above into easy EMI. Inform the bank within 15 days to avail this facility on any of your purchases whether an appliance or tickets.

Convert Your Entire Card Outstanding to EMI

The bank allows you to convert all your entire outstanding bill amount on Kotak Mahindra Bank credit card into EMI. With zero percent foreclosure charges, you can repay the amount in easy tenure of 3, 6, 9, 12, 24, 36 and 48 months.

Balance Transfer

If you have a 6 month old Kotak Mahindra credit card, you can make you of balance transfer. Here, you can transfer the outstanding balance of a minimum of Rs 2500 to 75% of the credit limit on other bank credit cards to Kotak Mahindra card. It has a processing fee of just Rs 349 per Rs 10000.

Personal loan

Kotak Mahindra Bank credit card allows you to get instant cash at lower interest rate. It does not require any documentation or pre approval of request.

The Kotak Mahindra credit card statement will include the billing of EMI amount, education cess and service tax for the loan opted. You are required to pay the overall outstanding amount or the at least the minimum amount due on the card for unrestricted use of card. Interest rate and other charges are added to the outstanding balance.